(KMT) Kennametal - Overview
Stock: Cutting Tools, Carbide Components, Mining Tools, Wear Parts, Powders
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.54% |
| Yield on Cost 5y | 2.49% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 93.4% |
| Payout Ratio | 49.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 37.7% |
| Relative Tail Risk | -12.9% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.70 |
| Alpha | 68.72 |
| Character TTM | |
|---|---|
| Beta | 0.997 |
| Beta Downside | 1.004 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.94% |
| CAGR/Max DD | 0.38 |
Description: KMT Kennametal January 15, 2026
Kennametal Inc. (NYSE:KMT) designs, manufactures, and sells tungsten-carbide, ceramic, and other hard-material solutions worldwide through two primary segments: Metal Cutting and Infrastructure.
The Metal Cutting segment provides milling, hole-making, turning, threading, and tool-making systems for aerospace (airframes, aero-engines), automotive, truck, shipbuilding, and general industrial equipment. Products are marketed under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands via a direct sales force, independent and national distributors, integrated supplier channels, and digital platforms.
The Infrastructure segment produces engineered tungsten-carbide and ceramic components, earth-cutting tools, and metallurgical powders. Key applications include oil-&-gas and petrochemical drilling (frac seats, nozzles), underground mining and trenching equipment, high-temperature wear parts for aerospace/defense, and ceramic substrates for packaging metallization.
As of FY 2024, Kennametal reported $3.6 billion in revenue with an adjusted EBITDA margin of roughly 13%, reflecting strong demand in aerospace and mining while offset by volatility in oil-&-gas capital spending. The company’s exposure to the aerospace supply chain makes it sensitive to aircraft production cycles, whereas its mining tools benefit from the ongoing global push for copper and lithium extraction. Recent initiatives include expanding digital tooling services, which have contributed to a 4% YoY increase in recurring service revenue.
For a deeper, data-driven valuation framework, see the ValueRay analysis of KMT.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 110.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -4.21 > 1.0 |
| NWC/Revenue: 33.59% < 20% (prev 28.99%; Δ 4.59% < -1%) |
| CFO/TA 0.07 > 3% & CFO 180.0m > Net Income 110.3m |
| Net Debt (469.3m) to EBITDA (284.5m): 1.65 < 3 |
| Current Ratio: 2.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.0m) vs 12m ago -1.70% < -2% |
| Gross Margin: 31.13% > 18% (prev 0.31%; Δ 3082 % > 0.5%) |
| Asset Turnover: 80.71% > 50% (prev 83.06%; Δ -2.35% > 0%) |
| Interest Coverage Ratio: 7.27 > 6 (EBITDA TTM 284.5m / Interest Expense TTM 24.6m) |
Altman Z'' 4.46
| A: 0.26 (Total Current Assets 1.12b - Total Current Liabilities 439.4m) / Total Assets 2.60b |
| B: 0.47 (Retained Earnings 1.23b / Total Assets 2.60b) |
| C: 0.07 (EBIT TTM 178.7m / Avg Total Assets 2.52b) |
| D: 0.68 (Book Value of Equity 847.0m / Total Liabilities 1.24b) |
| Altman-Z'' Score: 4.46 = AA |
Beneish M -2.91
| DSRI: 1.13 (Receivables 288.2m/254.1m, Revenue 2.03b/2.02b) |
| GMI: 0.99 (GM 31.13% / 30.68%) |
| AQI: 1.09 (AQ_t 0.23 / AQ_t-1 0.21) |
| SGI: 1.00 (Revenue 2.03b / 2.02b) |
| TATA: -0.03 (NI 110.3m - CFO 180.0m) / TA 2.60b) |
| Beneish M-Score: -2.91 (Cap -4..+1) = A |
What is the price of KMT shares?
Over the past week, the price has changed by +17.24%, over one month by +36.63%, over three months by +55.91% and over the past year by +90.21%.
Is KMT a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 5
- Sell: 3
- StrongSell: 1
What are the forecasts/targets for the KMT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32.6 | -19.1% |
| Analysts Target Price | 32.6 | -19.1% |
| ValueRay Target Price | 48.1 | 19.3% |
KMT Fundamental Data Overview February 07, 2026
P/E Forward = 28.0112
P/S = 1.4373
P/B = 2.2706
P/EG = 0.56
Revenue TTM = 2.03b USD
EBIT TTM = 178.7m USD
EBITDA TTM = 284.5m USD
Long Term Debt = 596.8m USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.43m USD (from shortTermDebt, last quarter)
Debt = 598.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 469.3m USD (from netDebt column, last quarter)
Enterprise Value = 3.39b USD (2.92b + Debt 598.6m - CCE 129.3m)
Interest Coverage Ratio = 7.27 (Ebit TTM 178.7m / Interest Expense TTM 24.6m)
EV/FCF = 34.10x (Enterprise Value 3.39b / FCF TTM 99.3m)
FCF Yield = 2.93% (FCF TTM 99.3m / Enterprise Value 3.39b)
FCF Margin = 4.89% (FCF TTM 99.3m / Revenue TTM 2.03b)
Net Margin = 5.43% (Net Income TTM 110.3m / Revenue TTM 2.03b)
Gross Margin = 31.13% ((Revenue TTM 2.03b - Cost of Revenue TTM 1.40b) / Revenue TTM)
Gross Margin QoQ = 32.83% (prev 31.36%)
Tobins Q-Ratio = 1.31 (Enterprise Value 3.39b / Total Assets 2.60b)
Interest Expense / Debt = 1.04% (Interest Expense 6.20m / Debt 598.6m)
Taxrate = 27.68% (13.5m / 48.7m)
NOPAT = 129.3m (EBIT 178.7m * (1 - 27.68%))
Current Ratio = 2.55 (Total Current Assets 1.12b / Total Current Liabilities 439.4m)
Debt / Equity = 0.46 (Debt 598.6m / totalStockholderEquity, last quarter 1.32b)
Debt / EBITDA = 1.65 (Net Debt 469.3m / EBITDA 284.5m)
Debt / FCF = 4.72 (Net Debt 469.3m / FCF TTM 99.3m)
Total Stockholder Equity = 1.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.38% (Net Income 110.3m / Total Assets 2.60b)
RoE = 8.61% (Net Income TTM 110.3m / Total Stockholder Equity 1.28b)
RoCE = 9.52% (EBIT 178.7m / Capital Employed (Equity 1.28b + L.T.Debt 596.8m))
RoIC = 6.93% (NOPAT 129.3m / Invested Capital 1.86b)
WACC = 8.09% (E(2.92b)/V(3.52b) * Re(9.59%) + D(598.6m)/V(3.52b) * Rd(1.04%) * (1-Tc(0.28)))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.93%
[DCF Debug] Terminal Value 78.18% ; FCFF base≈137.9m ; Y1≈141.6m ; Y5≈158.1m
Fair Price DCF = 29.61 (EV 2.72b - Net Debt 469.3m = Equity 2.25b / Shares 76.0m; r=8.09% [WACC]; 5y FCF grow 2.65% → 2.90% )
EPS Correlation: -16.49 | EPS CAGR: 0.0% | SUE: 1.05 | # QB: 2
Revenue Correlation: -17.93 | Revenue CAGR: 0.89% | SUE: 0.66 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.57 | Chg30d=+0.106 | Revisions Net=+6 | Analysts=8
EPS current Year (2026-06-30): EPS=2.28 | Chg30d=+0.820 | Revisions Net=+7 | Growth EPS=+70.3% | Growth Revenue=+13.0%
EPS next Year (2027-06-30): EPS=2.24 | Chg30d=+0.558 | Revisions Net=+6 | Growth EPS=-1.8% | Growth Revenue=+4.5%